PANews January 8 news, according to Jin Shi reports, Federal Reserve Governor Waller said on Wednesday that the inflation rate should continue to decline in 2025, allowing the Federal Reserve to further cut interest rates, although the pace is still uncertain. Waller stated that while inflation 'seems to be indeed stagnating' above the Federal Reserve's target of 2% in the last few months of 2024, market-based inflation expectations and inflation readings for one month and shorter periods lead him to believe that U.S. inflation is continuing to ease. Waller said, 'This minimal progress has led to calls for a slowdown or halt in interest rate cuts. However, I believe that in the medium term, the inflation rate will continue to move towards the 2% target, and further interest rate cuts will be appropriate.' Waller did not disclose how many times he believes interest rates should be cut this year, but he noted that there is quite a range of views among Federal Reserve officials, from no cuts to as many as five cuts. 'I still believe the U.S. economy is fundamentally sound,' Waller said, 'There are no signs in the data or estimates indicating that the labor market will significantly weaken in the coming months.'